Intel reported earnings of $1.40 per share on revenue of $19.16 billion, beating expectations of $1.15. The company also raised its full-year revenue guidance to $71.2 billion from $69.5 billion and its full-year earnings expectations to $4.53 per share from $4.15 per share.
As a result, the stock saw a 5% climb after-hours yesterday, despite being down 11 percent for the year
Now take a trip Behind the Label:
Did you know that Intel is one of the biggest stakeholders in the self-driving car industry? Or that the it was founded by two semiconductor pioneers? Have you ever wondered how the name Intel came about? For more on the company's heritage and history watch this video from TheStreet's Behind the Label series.